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SEBI debars 13 entities

MUMBAI: The Securities and Exchange Board of India (SEBI) has debarred Warner Multimedia Ltd. along with 12 other related entities namely, Shri Jagadish Prasad Purohit; Shri Kailash Prasad Purohit; Vaishno Trade Link Pvt. Ltd.; Godavari Commerce Pvt. Ltd.; Pragati Merchant; Success Merchant Pvt. Ltd.; Rolex Merchant Pvt. Ltd.; Shri Govardhan Jain; Mumbadevi Finance and Investment Company Pvt. Ltd.; Safal Investments; Shri Gaje Singh Chahl and Shri Arun Goyal from buying, selling and dealing in the securities market for a period of three years for their involvement in price manipulation in the shares of Warner Multimedia Ltd.

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